How resale system works?

When it’s time to sell your CoLux share, the process is streamlined and designed to be simple. You’ll find that selling your ownership interest involves fewer steps, but still provides you with full control and flexibility. Here’s how it works:

1. Sell on Your Terms
As a CoLux owner, you have the flexibility to sell your ownership share at any time. Each co-owner has independent control over the sale, making it easier than traditional timeshare models. When you’re ready to sell, let us know, and we’ll provide you with a current market analysis (CMA) based on local data and comparable sales. The final sale price is up to you, giving you the power to set the price after reviewing the CMA and considering guidance from CoLux or your own research.

2. Leverage Our Network
Before listing your share, we’ll notify other co-owners that a share is available, giving them the first right of refusal. Owners can be the easiest buyers—they already know and love the property. Additionally, we maintain a pipeline of potential buyers, and we’ll notify those who have shown interest in similar properties or who may have missed an opportunity previously. In many cases, you might sell your share without even needing to list it on the open market.

3. Full Marketing Support
At CoLux, we provide full support for owners looking to resell their shares. We begin by marketing your share to existing CoLux owners and our network of interested buyers. If necessary, we’ll also list your share on our platform and collaborate with local agents to hold open houses and broaden exposure. We combine traditional and digital advertising, utilizing data-driven strategies to ensure maximum visibility and opportunity for sale.

4. Smooth and Transparent Transactions
CoLux simplifies the closing process. There’s no lengthy due diligence period or title changes to manage. The transaction involves the reassignment of LLC membership interests, making the process fast and straightforward. If the buyer is paying in cash, closing can often happen the next day. For financed purchases, the closing process is still much quicker than traditional home sales, typically taking 1-2 weeks.

CoLux Resale Performance
CoLux shares tend to outperform typical real estate investments. Our properties have shown consistent appreciation, and with CoLux’s active buyer network, owners typically resell their shares at a competitive price, often with a gain.

Alternative Selling Options
If you find that your CoLux share no longer suits your needs, or if you want to adjust your ownership, you have the option to sell part of your share, allowing you to retain a portion while still benefiting from a flexible ownership structure.

 
Frequently Asked Questions:

Can I set my own sale price?
Yes, CoLux provides a CMA, but the final decision on pricing is yours. You can choose to accept our guidance or proceed based on your own research.

What happens if my share doesn’t sell right away?
If no offers come in immediately, we will continue marketing your share to potential buyers within our network and adjust pricing or strategies as needed to find the right buyer.

Are there any transaction fees?
There may be a commission fee for sellers, and buyers may be required to cover initial operating expenses or financing fees at closing. These will be clearly outlined upfront.